Field Fisher Waterhouse – UK 100

Turnover: £47m

Profit per equity partner: £324,000

Equity spread: £206,000-£481,000

Net profit: £12.3m

Profit margin: 26 per cent

Salaried partner remuneration: £110,000-£180,000

Revenue per lawyer: £242,000

Revenue per partner: £627,000

Revenue per equity partner: £1,237,000

Cost per lawyer: £179,000

Profit per lawyer: £63,000

No of partners: 75

No of equity partners: 38

No of female partners: 13

No of female equity partners: Five

Total no of fee-earners (including consultants, paralegals etc): 234

Total no of fee-earners (excluding consultants, paralegals etc): 194

Total no of staff: 483

Leverage ratio: 1:3.13

Equity partner to staff ratio: 1:6.53

Fee-earner to staff ratio: 1:1.06

Financial management: The firm has never taken on any debt.

Equity structure: Modified lockstep with 20 points. A partner joins the lockstep on 11 points, with each point currently worth £5,000. The balance is based on performance.

Billable hours targets: 1,500 for associates and partners. Some flexibility for exceptional cases.

Key clients: Accenture, BBC, Petronas, Whitbread.